In this roundtable, viewpoints on Black reparations will be summarized, including recent research and policy development (e.g., local programs, eligibility, funding, and federal policy proposals). More specifically, we offer a structural solution and a body of applied research evidence, demonstrated in the form of Child Development Accounts (CDAs), in how to deliver Black reparations so that it may have lasting and sustainable asset-building impacts.
Successful Black reparations require a policy structure for delivering payments with effective identification, disbursement, asset protection, and asset growth over time. In this regard, Child Development Accounts (CDAs) --a carefully designed and tested asset-building policy for children -- provides a structural model that can inform efficient and effective delivery of reparations.
First, the CDA policy is rooted in the original proposal to address the stripping of Black American assets and other historical harms. The research data from CDAs have shown strong statistical associations between family historical harms and wealth ownership. The CDA proposal has recommended substantial public deposits (over $30,000 per child in today's dollars) for the purpose of wealth equity. Furthermore, CDA policies in the United States follow ten core features, designed to ensure that the accounts are progressive, potentially lifelong, on a centralized system, with automatic enrollment, and built on an efficient, scalable, and stable policy model capable of promoting asset accumulation for development purposes. We argue that, as a policy based on these core features, CDAs could serve as a policy platform to deliver reparations payments.